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Risk Management Tools In Precision Agriculture

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Author Info

  • Powers, Laura
  • Dillon, Carl R.
  • Isaacs, Steven G.
  • Shearer, Scott A.
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    Abstract

    The objective of this project is to develop economic, risk management decision aids for precision agriculture practitioners to identify temporal risk spatially from production. Break-even analysis, coefficient of variation and a mean variance framework are used to identify risk. An interpretation of the resulting risk maps will also be presented.

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    File URL: http://purl.umn.edu/35129
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    Bibliographic Info

    Paper provided by Southern Agricultural Economics Association in its series 2003 Annual Meeting, February 1-5, 2003, Mobile, Alabama with number 35129.

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    Date of creation: 2003
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    Handle: RePEc:ags:saeatm:35129

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    Web page: http://www.saea.org/
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    Related research

    Keywords: Risk and Uncertainty;

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    1. McCarl, Bruce A. & Bessler, David A., 1989. "Estimating An Upper Bound On The Pratt Risk A Version Coefficient When The Utility Function Is Unknown," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 33(01), April.
    2. Harwood, Joy L. & Heifner, Richard G. & Coble, Keith H. & Perry, Janet E. & Somwaru, Agapi, 1999. "Managing Risk in Farming: Concepts, Research, and Analysis," Agricultural Economics Reports 34081, United States Department of Agriculture, Economic Research Service.
    3. Meyer, Jack, 1987. "Two-moment Decision Models and Expected Utility Maximization," American Economic Review, American Economic Association, vol. 77(3), pages 421-30, June.
    4. Dillon, Carl R., 1993. "Advanced breakeven analysis of agricultural enterprise budgets," Agricultural Economics, Blackwell, vol. 9(2), pages 127-143, August.
    5. Jess Lowenberg-DeBoer, 1996. "Precision Farming and the New Information Technology: Implications for Farm Management, Policy, and Research: Discussion," American Journal of Agricultural Economics, Agricultural and Applied Economics Association, vol. 78(5), pages 1281-1284.
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